MGB acquires prop development firm for RM2.8m
KUALA LUMPUR (Jan 5): MGB Bhd is acquiring property development firm Multi Court Developers Sdn Bhd for RM2.
Developers’ margin woes to stay
KUALA LUMPUR (Dec 22): Property developers may need to brace for a sustained low-margin environment next year as they continue building new affordable homes that are expected to crimp their margins.
Eligible house loan applicants will not be rejected, says Association of Banks in Malaysia
KUALA LUMPUR (Nov 20): The Association of Banks in Malaysia (ABM) has reiterated that its member banks “have been and will continue to” provide home loans to all eligible borrowers, said the association in a statement issued today to rebut claims that commercial banks are imposing strict rules on home loan applicants.
Property developers open to rent-to-own
If rent-to-own (RTO) schemes are able to help more people own homes, property developers would definitely be in favour of them.
ABM refutes Rehda claims over end-financing challenges
PETALING JAYA (Oct 9): The Association of Banks in Malaysia (ABM) has refuted allegations that homebuyers are finding it tougher to obtain housing loans and that loan approval times are increasing.
Extension for project delivery possible, says housing minister
PETALING JAYA (Oct 5): Developers who are not able to deliver their residential projects on time may request for an extension of an additional 12 months from the original 36 months, provided no sale and purchase agreement has been signed, said Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar.
House prices will not come down — but sizes will
PETALING JAYA (Oct 5): Housing prices will definitely not go down as elements of property development such as land cost and development charges keep increasing, said a group of panellists.
Rehda hopes Budget 2018 addresses these three key issues
PETALING JAYA (Sept 28): The Real Estate and Housing Developers’ Association (Rehda) hopes the government will seriously consider three key areas, namely financing, cost of doing business and the GST exemption, said president Datuk Seri FD Iskandar Mohamed Mansor.
Rehda survey: Only 31% of developers launched new projects in 1H17
PETALING JAYA (Sept 20): The Real Estate and Housing Developers' Association Malaysia (Rehda) recent survey showed that only 31% of respondents had new launches in the first half of the year, representing a 12% drop from 2H16.
To create a sustainable city, understand the needs of the people, says Copenhagen city architect
KUALA LUMPUR (Aug 10): One of the starting points in efforts to make cities, including in Malaysia, more sustainable is to be more aware of the needs of its citizens instead of just focusing on the space that can be built on.
